Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Lumoz announces MOZ token economics, 66% allocated to the community, ecosystem, nodes and miners

Lumoz announces MOZ token economics, 66% allocated to the community, ecosystem, nodes and miners

Bitget2024/12/05 12:18

On December 5, the modular computing layer & RaaS platform Lumoz announced the economics of MOZ tokens. The total supply of MOZ tokens is 10 billion, with 66% allocated to the community, ecosystem, nodes and miners. The initial circulation is about 11%.

The specific distribution of tokens is as follows: zkProver network gets 25%, zkVerifier nodes get another 25%, early contributors receive16%, early investors collectively get18%, ecosystem receives10% and community gets6%. MOZ tokens will gradually unlock over the next ten years when all MOZ will be fully circulated and no more issued.


Lumoz has a dual token economic model that includes functional token MOZ and equity token esMOZ. Main applications for MOZ include transaction gas fees, resource usage fees etc; while esMOZ can be used for participation in incentives, delegation to zkVerifier nodes or conversion into functional tokens etc. Both have an exchange ratio of 1:1. When esMOZ is converted into MOZ there's a certain unlocking period but users can convert using Lumoz OG NFT without any unlocking period.

In November Lumoz completed an airdrop worth $30 million in esMOZ tokens which will officially open after mainnet launch. In the first half of this year Lumoz completed Pre-A round and strategic financing with cumulative funding amounting to $14 million dollars.

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!